Another Setback for NetApp
Hopes for a revival in corporate spending on computer storage products were crushed again for Network Appliance (NTAP). The Sunnyvale (Calif.) company cut its outlook for its fiscal first quarter for the second time, sending its stock tumbling to a new low for the year. The problem: continued softness in enterprise storage spending in the U.S. and parts of Europe.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.